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प्रश्न
What is an overdraft?
संक्षेप में उत्तर
उत्तर
- A type of credit facility known as an overdraft is provided to current account customers by commercial banks.
- A bank user can use this facility to write checks for amounts up to the overdraft limit on their account, which is greater than the amount available in their account.
- Typically, overdraft facilities are provided by banks based on the customer's personal security or as collateral for certain assets.
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Loans from Commercial Banks
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
Write a short note discounting of bills of exchange.
For which of the following company has to keep it's assets on mortgage?
This implies procuring cash from a bank in exchange for credit instruments.
It is a formal and revolving credit agreement under which the borrower is allowed to borrow upto the specified limit.
______ are generally secured by assets or guarantees.
Commercial banks generally provide long-term loans.
Term loans are a source of medium-term finance.
State the various forms of borrowing from commercial banks.
What are the advantages of borrowing from commercial banks?
What are the disadvantages of borrowing from commercial banks?
